Stephen Moore Quotes

I don’t know why the Stock Market does what it does.

Listen to market strategists, and a word that comes up a lot these days is 'volatility.'

A financial crisis is a great time for professional investors and a horrible time for average ones.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

Truth be told, most financial television bores me. Two or more people discussing the latest economic trends or hot stocks is not especially entertaining.

The problem with most people who play the market is that they are not flexible.

When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

I have yet to take capital losses on any company. Then again, it's still early.

Wall Street is always too biased toward short-term profitability and biased against long-term growth.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.

It's difficult to make your clients understand that there are certain days that the market will go up or down 2%, and it's basically driven by algorithms talking to algorithms. There's no real rhyme or reason for that. So it's difficult. We just try to preach long-term investing and staying the course.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

I could never gamble on stocks and shares because I saw my father get hurt that way - he lost quite a lot of money when the stock market collapsed in 2001.

The techniques I developed for studying turbulence, like weather, also apply to the stock market.

Fundamentals make the market.

Predicting the market is always tough.

Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.

Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.

Financial advice needs to change according to what is happening in the economy.

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.

Markets are frequently ahead of, and often out of sync with, the economy.

I really believe that you cannot use the stock market as a proxy for the economy.

I'm quite bullish. We're coming up on year 15 of a flat stock market. Historically that's a pretty good sign. So I'm not a hedge-fund manager but if I was I think I'd be feeling pretty good.